Bland, who was fired by the Trojans in January, is expected to receive probation as part of the plea agreement, according to the sources.
Bland was indicted on four felony charges: conspiracy to commit bribery, honest services wire fraud, mail fraud conspiracy and violating the Travel Act.
The government alleged that Bland accepted a $13,000 bribe in exchange for steering USC players to certain agents and financial advisers once they turned pro. He is also accused of helping facilitate $9,000 in payments to associates of former USC player De'Anthony Melton and prospect Taeshon Cherry.
"No decisions about whether to take a plea agreement or go to trial have been made," said Craig Mordock, one of Richardson's attorneys. "In light of other information that has come to light, we're evaluating all options."
Two other men, former Adidas consultant Merl Code and Christian Dawkins, a runner for former NBA agent Andy Miller, also face charges in the case.
Code, Dawkins and Adidas executive James Gatto were found guilty in October of felony charges related to a pay-for-play scheme to send high-profile recruits to Adidas-sponsored schools, including Kansas, Louisville and NC State. They were found guilty on felony charges of wire fraud and conspiracy to commit wire fraud after a three-week criminal trial in federal court.
U.S. District Court Judge Lewis A. Kaplan set the sentencing date for Gatto, Code and Dawkins for March 5.
Former Auburn assistant Chuck Person and former NBA referee Rashan Michel are scheduled for trial in February. Person is accused of accepting $91,500 in bribes from a federal cooperating witness to influence Auburn players to sign with certain financial advisers and agents.